Category: Corporate Compliance

Mindstrong Health has managed to secure $14 million for its upcoming project. Jim Tananbaum and his firm Foresite capital played a crucial role in the fund’s drive. Together with a group of other companies, including Arch Venture partners and Optum Ventures, Foresite capital facilitated the acquisition of this much-needed fund. Mindstrong intends to use the fund to finalize on its ongoing AI powered neuropsychiatric diagnosis and treatment platform. The trial results for the platform would be released in several months. If the platform is successful, it will revolutionize psychiatric care. For more details visit Bloomberg.

The neuropsychiatric platform is aimed at improving the treatment of psychiatric patients in the country. It will use smartphone devices to measure and monitor interaction patterns in these patients objectively. Paul Dagnum, the CEO of Mindstrong, said that the platform would reduce the prevailing subjectivity in psychiatric diagnosis. He continued to say that the proposed platform would provide psychiatric experts with continuous bio markers of cognitive functioning. It would continuously analyze cognitive elements, such as attention, memory and processing speed. Check out Patient Daily.

Jim Tananbaum, the CEO of Foresite Capital, which spearheaded the funds drive, retaliated that they were happy with Mindstrong’s ambition. He said that Mindstrong’s AI platform would change how the medical community handles and cares for psychiatric patients. Jim also commented in the release that he is confident that the team at Mindstrong has an unmatched understanding of the challenges facing healthcare for cognitively impaired patients. Check out LinkedIn for the details.

Jim Tananbaum

Jim Tananbaum is a leading healthcare entrepreneur. He has more than 25 years’ experience in the healthcare industry. He is the founder and current chair of Foresite Capital. Foresite capital is a healthcare investment firm that invests in innovative companies with unique healthcare products. It enables firms in bio technology, genomics, medical services and diagnostics sectors to develop and to roll out innovative products.

Before starting Foresite capital in 2010, Jim had co-founded two other leading firms. These are GelTEX Pharmaceuticals and Theravance Pharmaceuticals. Both firms have rolled out various drugs and earn revenues of more than $ 3billion annually. Jim is a Harvard Medical School graduate. He also holds an MS from Massachusetts Institute of Technology (MIT)

Helane Morrison and Her Many Skills and TalentsHelane Morrisonis a skilled and talented Chief Compliance Officer. She has been employed at Hall Capital Partners LLC since she joined this firm in the year 2007. This is not the only position that she holds there. Ms. Morrison holds the following positions at Hall Capital:
* Managing Director
* General Counsel
* Chief Compliance Officer
* a member of this firm’s Executive Committee
Helane has an extraordinary background. Her background has ensured that she is more than qualified to hold these positions. She is indeed an individual who possesses many skills and she offers her outstanding talents to this firm and the entire team at Hall Capital.

Compliance Officers Have Many Challenges
The modern compliance officer has a large burden to carry on their shoulders. They have numerous responsibilities that must be fulfilled. They have been facing many new challenges recently. There have been some new enforcement actions that have held the compliance officers liable for the errors within the firms that they work in. There are currently numerous changes being made within the role of the compliance officer. There has been a need for some of these officers to seek lawyers due to the liability and fines that have occurred due to lack of compliance.

Helane Morrison and Background Information
Helane was educated at Northwestern University and received her bachelor’s Degree in Journalism. She also attended University of California, Berkley – School of Law. She holds a certification and is admitted to practice with the State Bar of California. She was the first woman to be appointed the title of Regional Director of the SEC. She was held in high regards before she left her position at the SEC to pursue her career at Hall Capital. She is highly educated and her work experience is filled with impressive accomplishments.